Soundcloud explores putting itself up for sale for $1 Billion

Per Bloomberg, music streaming site Soundcloud is looking into putting itself up for sale hoping for a $1 Billion sale price. According to sources, potential buyers are not valuing the company quite as high with the last valuation at $700 million based on the recent Twitter investment.

Soundcloud has a large user base of 175 million users but reportedly few use the sites $10 monthly streaming service and other revenue is limited as well.